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Oct 5, 2012
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and other refinery issues in california and jane wells is at a gas station in northridge, california. is it open, jane, because i hear some gas stations are actually closing. >> yes, they are and they're lining up at this gas station this morning like they're selling iphones, trying to get in while supplies gas. the cheapest price is $4.42. i snapped a photo. gas is now topping $5 a gallon in many places. they're calling it a perfect storm. refinery -- california refines its own special gasoline. you've got these refinery problems, you mentioned and issues are happening at the same time that the state is transitioning over to mandated winter blends and the result is record-high prices and that also means some stations are running out of fuel because they don't have it. they are shutting down and it's concentrated in southern california. costco tells us 16 of its gas stations have had to close for now. that's 40% of the stores stores have in southern california including in the san fernando valley where they said they don't know when they will be resupplied. this is the life blood. >>
and other refinery issues in california and jane wells is at a gas station in northridge, california. is it open, jane, because i hear some gas stations are actually closing. >> yes, they are and they're lining up at this gas station this morning like they're selling iphones, trying to get in while supplies gas. the cheapest price is $4.42. i snapped a photo. gas is now topping $5 a gallon in many places. they're calling it a perfect storm. refinery -- california refines its own special...
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Oct 19, 2012
10/12
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the biggest drop was in california, and while texas added the most jobs in september, california added the most jobs this year. they're being created in all areas. it is coming from start up businesses. is the election on ceo andy moeck's mind? >> in the equation we have to hire or not hire someone, who is in office is zero input. >> chevron was interviewing engineers this week to see if they're willing to move to bakersfield. >> you have to go where the jobs are, you have to follow the work, you can't restrict yourself in an kmie like this to something that's just close by. >> then there are the swing states in this election. michigan which lost the most jobs, followed by ohio with job losses for nearly that much, and while ohio showed gains of almost 90,000 jobs, there remains there long unemployed people like mark jacobs, searching craigslist every day. >> right now i'm applying for temporary holiday work like department stores and stuff. i tried that last year, got interviews, but not a position. people are saying jobs are number one. for me that's true. i don't give a damn about t
the biggest drop was in california, and while texas added the most jobs in september, california added the most jobs this year. they're being created in all areas. it is coming from start up businesses. is the election on ceo andy moeck's mind? >> in the equation we have to hire or not hire someone, who is in office is zero input. >> chevron was interviewing engineers this week to see if they're willing to move to bakersfield. >> you have to go where the jobs are, you have to...
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Oct 8, 2012
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we'll take you live to california for the latest. with , a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> california trying to allow for some leave at the pump. governor jerry brown asked pollution regulators to start selling winter blend fuel. the average price of regular unleaded hitting $4.66 a gallon yesterday. our jane wells is on the case live this morning in north ridge, california, an amazing number, jane. >> reporter: hey, carl, $4.58 at costco. costco is getting sup
we'll take you live to california for the latest. with , a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you...
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Oct 17, 2012
10/12
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i actually know someone out in california, the epicenter of the subprime crisis in northern california, he rented out a lot of the homes they built, and people walked out not just with the washer, dryer, subzero refrigerator, they even took the kitchen sink. you can't make that up. multipliers are a little less. i think it's really important you saw in the industrial production numbers, which were weak yesterday. where was that strength? carpeting, aplipss, and furniture. you're starting to see the housing market and the fact that housing prices are no longer falling and people are seeing those headlines, biggest wealth effect out there. >> tom, big leaders today, dr horton, pultze. and every other week we get a valuation call saying party's going to end. is it close to being over? >> we did a piece in august, one of several pieces, housing cycles for the stocks last three to five years. we're not even one year into these cycles. last three cycles, 100% of the move was rerating. you really shouldn't focus on earnings actually. i think it's a pretty classic cycle. i'd still buy them at
i actually know someone out in california, the epicenter of the subprime crisis in northern california, he rented out a lot of the homes they built, and people walked out not just with the washer, dryer, subzero refrigerator, they even took the kitchen sink. you can't make that up. multipliers are a little less. i think it's really important you saw in the industrial production numbers, which were weak yesterday. where was that strength? carpeting, aplipss, and furniture. you're starting to see...
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Oct 26, 2012
10/12
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road map starts in cupertino, california, where apple earnings missed. gross margins fell and the stock is moderately higher. we'll go through positives and negatives of a controversial quarter. >> amazon posted first loss in a decade with operating expenses up 28%. higher as well premarket. are investors too nervous to short those names in the holiday season? >> broad market is lower despite the gdp number. we'll get the view. >>> bombshell ticktock in "the new york times." >>> futures off the lows after the release of the final -- preliminary hearing gdp report from before the presidential election. data showing the economy grew 2% in the third quarter. that's above expectations and up from 1.3 we saw in q-2. numbers were boosted by consumer spending and defense and a big part of this, we'll see today whether we're still in an environment where people question data clearly gdp is more hard to manipulate than the jobs number. >> i thought the same. as soon as numbers came out, i said the people who do not like obama will say this was padded by five more
road map starts in cupertino, california, where apple earnings missed. gross margins fell and the stock is moderately higher. we'll go through positives and negatives of a controversial quarter. >> amazon posted first loss in a decade with operating expenses up 28%. higher as well premarket. are investors too nervous to short those names in the holiday season? >> broad market is lower despite the gdp number. we'll get the view. >>> bombshell ticktock in "the new york...
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Oct 9, 2012
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now, to that end i think what happened in california is very apropos. you have a state this is always in the environmental camp and once the environmentalists had to pay a big jump in gas prices or inconvenienced at long lines or stations out of gas, boy did that blend hit the road t reminded me of one of my favorite very spicy winston churchill quotes, let's put the quote on the streen and i will read it. churchill, a big party with a bunch of socialites, ma'am, would you sleep we many for 5 million pounds. >> goodness. >> i suppose we would have to discuss the terms of course. would you sleep with me for 5 pounds. >> mr. churchill, what kind of woman do you think i am? >> ma'am, we already established that and now we're haggling about the price. i am sorry, but that fits to a t. another big issue was the job's report. many of course were talking about my prediction last month and before the number about the rate being under 8%. connect the dots. why did it happen? here is some of the other dot connectors. this is from deutsche bank. it is note worthy
now, to that end i think what happened in california is very apropos. you have a state this is always in the environmental camp and once the environmentalists had to pay a big jump in gas prices or inconvenienced at long lines or stations out of gas, boy did that blend hit the road t reminded me of one of my favorite very spicy winston churchill quotes, let's put the quote on the streen and i will read it. churchill, a big party with a bunch of socialites, ma'am, would you sleep we many for 5...
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Oct 18, 2012
10/12
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the entire town of bridgeville, california. a honus wagner baseball card. i wonder, ken, over time, if the average -- maybe the median price point has to have gone up, right? >> actually, i think you're seeing the price come down. two reasons there. one would be the vehicle sales category is becoming a much smaller factor for the company, and second has been around currency headwinds. pricing was down in the quarter. if you separate out the vehicles, i think that that's something that will stand to increase over time too. >> we should have the buy now button for the g2 jet. >> i think they're close. >> ken, thanks so much. always good to talk to you. >> thank you. >> subcategory based on color. we've got a market flash here. this time within the semiconductor space. brian sullivan is back at headquarters. >> thanks, michelle. when you're trading at 34 times earnings, you'd better not disappoint the street. that's exactly what mellanox has done, israeli based semiconductor manufacturer. the problem, the street estimating $156 million. that stock is down 21%.
the entire town of bridgeville, california. a honus wagner baseball card. i wonder, ken, over time, if the average -- maybe the median price point has to have gone up, right? >> actually, i think you're seeing the price come down. two reasons there. one would be the vehicle sales category is becoming a much smaller factor for the company, and second has been around currency headwinds. pricing was down in the quarter. if you separate out the vehicles, i think that that's something that...
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Oct 23, 2012
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for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> only one thing can brighten this market day. that's simon hobbs. >> in three hours time we'll know if apple has it with launch of ipad mini. we'll talk about that with two shareholders in the next hour of the show and what marissa mayer is doing at yahoo! and fundamentals on facebook going into their earnings tonight and more importantly we'll talk about this market and whether the bernanke put is dissolving before our eyes. back to you. >> let's get to six in 60. six stocks in 60 seconds give or take a few. >> rbc says buy. if you see this go up, china stimulus is working. >> pmis tonight overnight. news out of t
for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> only...
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Oct 15, 2012
10/12
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another california pension fund, the california public employees retirement system, which has $273 billion under management, is opposing the re-election of rupert murdoch and his sons james and lachlan from the board. this according to the telegraph. they have not responded to request for comment. these two join a broad list of investors against the murdoch family control. proxy advisory service glass lewis and british hedge fund hermes have come out in opposition to his role as chir. christian brothers investment services gathered 18 investors with more than $1.6 trillion in assets under management and $13.4 million news corp. class a shares. they expressed support for an independent chairman. opposition to murdoch's control of the board has been growing since the phone hacking scandal in news of the world last summer though there was opposition to murdoch at last year's meeting. this is the first meeting to include resolutions against murdoch on the proxy voting form that allows investors to vote against murdoch without traveling to los angeles. but the murdoch family is unlikely to be o
another california pension fund, the california public employees retirement system, which has $273 billion under management, is opposing the re-election of rupert murdoch and his sons james and lachlan from the board. this according to the telegraph. they have not responded to request for comment. these two join a broad list of investors against the murdoch family control. proxy advisory service glass lewis and british hedge fund hermes have come out in opposition to his role as chir. christian...
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Oct 24, 2012
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what a beautiful day it looks like in california. >>> facebook bouncing back, can it prove itsity itcritics wron the long run? >>> and a wall street trading legend, hedge fund guru tpg-axon's dinakar singh. we're back after a short break. , or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> shares of facebook soaring on track for their best percentage gain in their short life as a public company, beating third quarter expectations, showing they can make some money from mobile advertising. there's a look at the shares at 23.85. michael packard is an analyst at web bush securities, had a bye rating on the stock since before the ipo and michael you almost apologized to investors for wanting to buy the stock so early on, riding it through the summer. is today your moment to shine in the sun? is this today your make good
what a beautiful day it looks like in california. >>> facebook bouncing back, can it prove itsity itcritics wron the long run? >>> and a wall street trading legend, hedge fund guru tpg-axon's dinakar singh. we're back after a short break. , or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter...
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Oct 2, 2012
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had the least -- you sold more than $1600 for the year, are most of those sales primarily coming in california? and how much is being juiced by the leasing deals you're petting out there in order to bring people in with massive discounts? >> a lot of the estimates, incentive spend or overstated are quite frankly, bill. new technology, but but we have to take a much longer approach with the vehicle. a halo here, the elec strks rication of a month's story. we feel good because it set a record. >> kurt, i understand where you're coming from. what is the average incentive for the bull market? what's the average cash on the moot market or anything that we would put on a given vehicle. >> it is competitive to be in the marketplace. it is a much bigger story to tell than just a monthly story. that is technology that we need to continue to grow both in the u.s. and globally. and we'll continue to do that. >> kurt mcneil, joining us from general motors headquarters when sales numbers went up just a smidge. melissa, back to you. >>> thank you, phil lebeau. we have another dose of breaking news. let's go
had the least -- you sold more than $1600 for the year, are most of those sales primarily coming in california? and how much is being juiced by the leasing deals you're petting out there in order to bring people in with massive discounts? >> a lot of the estimates, incentive spend or overstated are quite frankly, bill. new technology, but but we have to take a much longer approach with the vehicle. a halo here, the elec strks rication of a month's story. we feel good because it set a...
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Oct 1, 2012
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. >> now we've got car driving themselves on route 1 in california thanks to google. >> take a look at shares of oracle, surging today on the first day of its open world conference. it's up 1.6%. really nice, strong gain, bucking the trend amongst its peers, as well as a broader market. one of those ipos going to hit the market workday. that's a cloud play, expected to be a hot ipo. in fact, people are already estimating that revenues will hit $1 billion by 2015. so workday is that ipo. could be in oracle's back yard in terms of competition. >> i find it amazing. oracle's application growth was nil. and there frankly is not -- the growth tends to be acquisition growth. and people love it. they don't look through the numbers. one of the frustrating things for the purists is there wasn't a lot of growth in oracle and the stock didn't get hit. this is a remarkable time, guys. here you don't have the classic what you want to see from tech, which is good revenue growth and no one seems to mind. >> i think in certain companies, investors are willing to look past. that's oracle, that's amazon
. >> now we've got car driving themselves on route 1 in california thanks to google. >> take a look at shares of oracle, surging today on the first day of its open world conference. it's up 1.6%. really nice, strong gain, bucking the trend amongst its peers, as well as a broader market. one of those ipos going to hit the market workday. that's a cloud play, expected to be a hot ipo. in fact, people are already estimating that revenues will hit $1 billion by 2015. so workday is that...
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Oct 3, 2012
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a lot more on california's state of pain next. and then later, what if you could get data on your cell phone to check the web, update your facebook page for nearly free? we we will tell you how. mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and servic
a lot more on california's state of pain next. and then later, what if you could get data on your cell phone to check the web, update your facebook page for nearly free? we we will tell you how. mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone...
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Oct 30, 2012
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the earthquakes in california. i have to tell you what i saw last night in downtown manhattan, what went on in the south shore of long island, were some of the worst conditions that i had seen. the hudson river downtown manhattan was literally pouring in to the ground zero site with such a force that we were worried about the structure of the pit itself. joe lhoda and i just happened to run into each other in downtown manhattan, and when i tell you the hudson river was pouring into the brooklyn battery tunnel like a river at high velocity so it was a frightening site, and while the hudson river was coming over from the west, the east river was coming over from the east, and -- and the amount of water and the acceleration and the rising of the river was really -- was really frightening. and the response of the responders i tell you was as courageous as anything i've seen because it was frightening, it was truly frightening, and when every instinct in your body is telling you to take to you a place of safety and run
the earthquakes in california. i have to tell you what i saw last night in downtown manhattan, what went on in the south shore of long island, were some of the worst conditions that i had seen. the hudson river downtown manhattan was literally pouring in to the ground zero site with such a force that we were worried about the structure of the pit itself. joe lhoda and i just happened to run into each other in downtown manhattan, and when i tell you the hudson river was pouring into the brooklyn...
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Oct 25, 2012
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plus 300 baskins in california. i have to make that point. as i go into grocers and some other retailers i look at the whole array of machines. i think consumers are going to be confused. we want to keep it simple. the keurig is a powerful, world tested machine. it's continued to grow. there's been a lot of discussion about green mountain. they're still growing at a very fast rate. that's good for us. we feel good about the k-cup business and our franchisees feel better about it. >> talk about being in a dynamic industry at a fascinating time. nigel, thank you so much for your time. send those over in front of you to this anchor december incomsk minutes. nigel travis joining us. >>> when we come back, the two countries in europe that could give you and the markets a whopper of a headache in the coming months. a lot more "squawk on the street's" after the break. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms
plus 300 baskins in california. i have to make that point. as i go into grocers and some other retailers i look at the whole array of machines. i think consumers are going to be confused. we want to keep it simple. the keurig is a powerful, world tested machine. it's continued to grow. there's been a lot of discussion about green mountain. they're still growing at a very fast rate. that's good for us. we feel good about the k-cup business and our franchisees feel better about it. >> talk...
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Oct 12, 2012
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nay-nay, i say, and california wasn't happy about being blamed. so who is the $30,000 drop? the game goes on. there's only a few states, maybe, that could have that big of a drop. and i have an opinion. but guess what, i'm not going to say anything until we have some facts. if you look at the facts of the marketplace today, interest rates are dropping. and it seemed to coordinate a bit with the number. but also remember, it's friday. things get weird on friday. was the number the mover or was it just the mogul before the market gets to its friday duties? we saw big drops in yields on ten. big drops on yields on 30. and if you look at the boon, and this is what gives you the weekend clue, usually they correlate pretty well, even though their net change is the same, their route to get there was very much different. and even at the euro currency, which is up a bit on the day, but it's down on the week getting close to that 130/40 close, we see it had its big rally before our time zone. last turn i find the most interesting, the s&p saw the number, thought about it and sold off
nay-nay, i say, and california wasn't happy about being blamed. so who is the $30,000 drop? the game goes on. there's only a few states, maybe, that could have that big of a drop. and i have an opinion. but guess what, i'm not going to say anything until we have some facts. if you look at the facts of the marketplace today, interest rates are dropping. and it seemed to coordinate a bit with the number. but also remember, it's friday. things get weird on friday. was the number the mover or was...
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Oct 22, 2012
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i mean, fire, flare, but if they get california open, then i think you will see a decline. not in time for election. >> also, mexico, remember, just near the u.s. border has announced it's opening refineries. there's been so much pressure, increasing refinery pressure in the u.s. hasn't been able to happen but if you have that capacity coming online in mexico or that region, it will be another source of downward pressure on prices. >> we've become -- untold story. one candidate, wake up, huge exporter of refined products. this is a disaster because we have jones act doesn't let us take ships up to the east. we don't have the pipeline capacity. so we're shipping frantically refined product. >> that's one of the reasons the consumer here in the u.s. hasn't seen so much relief. so much of the product is being exported. it's interesting the way consumer sentiment held up, despite the fact gasoline has been making new monthly fresh highs. if that continues going into the holiday season, you see the forecast going up 4%, they don't look too stretched. >> we talk about the refi, q
i mean, fire, flare, but if they get california open, then i think you will see a decline. not in time for election. >> also, mexico, remember, just near the u.s. border has announced it's opening refineries. there's been so much pressure, increasing refinery pressure in the u.s. hasn't been able to happen but if you have that capacity coming online in mexico or that region, it will be another source of downward pressure on prices. >> we've become -- untold story. one candidate,...
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Oct 10, 2012
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obviously in california, liquor as you said, huge. if we could get liquor in the east coast costcos, tobacco, not that i encourage smoking. >> i am not a believer that we should be a seller of china here. i am more interested in buying china. >> costs that appeal to a higher income consumer. and that's the reason they're so insulated environment. they're going after a high-end consumer with a decent value proposition. >> i think the shares have underperformed over the past quarter or two on the fears that perhaps china slowed more than anticipated and ultimately with them coming out with a 6% comp in the region while it is a deceleration, i think people demonstrated some relief that it was work. >> good wednesday morning. live here at the new york stock exchange, let's check the markets this morning. the dow adding to losses after yesterday's 110-point drubing, that was the worst point loss since august 23. but we are adding to it. and now down 51, s&p down two, and nasdaq holding on relatively to the flat line, after, of course, its
obviously in california, liquor as you said, huge. if we could get liquor in the east coast costcos, tobacco, not that i encourage smoking. >> i am not a believer that we should be a seller of china here. i am more interested in buying china. >> costs that appeal to a higher income consumer. and that's the reason they're so insulated environment. they're going after a high-end consumer with a decent value proposition. >> i think the shares have underperformed over the past...
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Oct 29, 2012
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for price fixing not just the office of fair trading in united kingdom but this class action now in california. >> the class actions really started after the oft. we're working with them. in general we think that online travel agencies bring much more choice to customers. we have over 160,000 hotels. 200 airlines. we want to give choice variety to consumers and we'll be working with authorities on this case going forward. >> something we talk often about is movement to mobile devices for so many businesses. we talked to the gentleman that runs the weather company. what about your customer base. is it moving to mobile devices to make reservations and things of that nature? >> very much so. very much so. what we're seeing is a different kind of customer coming mobile. that's the last-minute booker. you used to have a situation where you drive into town and if you didn't have a reservation you look for a sign and see what rates are. now consumers look down to their smartphones and looking to book a hotel last minute. what we're also doing is giving hotels special opportunities to reach these last
for price fixing not just the office of fair trading in united kingdom but this class action now in california. >> the class actions really started after the oft. we're working with them. in general we think that online travel agencies bring much more choice to customers. we have over 160,000 hotels. 200 airlines. we want to give choice variety to consumers and we'll be working with authorities on this case going forward. >> something we talk often about is movement to mobile...